| Home | November 2011News | Pan American Metals of Miami says Gold Reaches High of $1752 on Coordinated Bank Action |
| |
|
|
 Pan American Metals of Miami says Gold Reaches High of $1752 on Coordinated Bank Action- Pan American Metals of Miami says Gold Reaches High of $1752 on Coordinated Bank Action
- November 30, 2011
-
Coordinated central bank action pushes gold above $1750.
MIAMI, FL - Gold soared to an intra-day high of $1752 before falling back to $1745, based on the unexpected coordinated action of five major central banks and the Federal Reserve. Faced with the possibility of Italy facing insolvency - as hoped for solutions proved insufficient - major world banks took action. The Banks of England, Canada, Switzerland and Japan joined with the ECB and the Federal Reserve to reduce borrowing rates by 0.5%, effectively making it cheaper for banks to lend money and...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-gold-reaches-high-of-1752-pr-354722.html
|
Previous